Question 4: (10 points) Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides data concerning the company's costs: Fixed Cost Cost per per Month Car Washed Cleaning supplies $ 0.70 Electricity $ 1,400 $ 0.07 Maintenance $ 0.30 Wages and salaries $ 4,500 $ 0.40 Depreciation $ 8,200 Rent $ 2,200 Administrative expenses $ 1,700 $ 0.02 For example, electricity costs are $1,400 per month plus $0.07 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.80 per car washed. The actual operating results for August appear below. Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed 8,300 Revenue $57,860 Expenses: Cleaning supplies 6,240 Electricity 1,944 Maintenance 2,700 Wages and salaries 8,140 Depreciation 8,200 Rent 2,400 Administrative expenses 1,764 Total expense 31,388 Net operating income $26,472 Required: Calculate the company's revenue and spending variances for August. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)

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